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Christopher Cowans Has Customer Complaints

Christopher Cowans Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 16, 2016 indicate that Massachusetts-based Wood Company broker Christopher Cowans has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Cowans (CRD# 1684420).

Christopher Cowans has spent 28 years in the securities industry and has been registered with Wood Company in Boston, Massachusetts since 2014. Previous registrations include Morgan Stanley in Manchester by the Sea, Massachusetts; Morgan Stanley & Company in Manchester by the Sea, Massachusetts; Morgan Stanley DW in Manchester by the Sea, Massachusetts; PaineWebber in Weehawken, New Jersey; Prudential Securities in New York, New York; and Tucker Anthony in Boston, Massachusetts. He is a registered broker in seven US states: California, Connecticut, Florida, Maryland, Massachusetts, North Carolina, and Rhode Island.

According to his BrokerCheck report, Christopher Cowans has received five customer complaints, one pending customer complaint, and one regulatory sanction.

In December 2015, a customer alleged Christopher Cowans, while employed at Morgan Stanley, executed excessive trades. The customer is seeking $600,000 in damages in the pending complaint.

In 2014, the State of Massachusetts placed conditions on Christopher Cowans’ registration following allegations he had, according to past disclosures, made unsuitable investment recommendations, executed unauthorized trades, acted negligently, misrepresented material facts, and used margin without authorization.

In 2009, a customer alleged Christopher Cowans, while employed at Morgan Stanley, recommended unsuitable investments. The complaint settled in 2010 for $14,900.

In 2008, a customer alleged Christopher Cowans, while employed at Morgan Stanley, executed excessive trades in her account. The complaint settled for $31,150.

In 2002, a customer alleged Christopher Cowans, while employed at UBS PaineWebber, inappropriately stated investment objectives, executed unsuitable asset allocations, and churned the account. The complaint settled in 2003 for $12,000, to which Mr. Cowans individually contributed $2,000.

In 1998, a customer alleged Christopher Cowans, while employed at PaineWebber, churned the account, acted negligently, and breached his fiduciary duty. The complaint settled in 1999 for $40,000.

In 1995, a customer alleged Christopher Cowans, while employed at Prudential Securities, recommended unsuitable investments. The complaint settled in 1996 for $24,999.

If you or someone you know has a complaint regarding Christopher Cowans call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.